German plastic components manufacturer Wirthwein AG plans to invest about 11 million zloty ($3.4 million) to expand its plant in Lodz, Poland. The company aims to take on at least 20 new employees at the factory by the end of March 2015, reported local news agency PAP.
In the wake of the economic turbulence earlier in this decade, molders today find themselves in much better shape. Molders are gaining a competitive advantage by investing in people, equipment and seeking inroads into new markets on a global scale.
Growth in the injection molding industry is going to be driven by low financing costs and a continued move to reshore some business.